Neobank Chime priced 32 million shares at $27 each, raising $864 million in its initial public offering. The stock opened at $43—a 59% hike—valuing the company at approximately $18.4 billion on Nasdaq under the ticker CHYM (ireuters.com).
Chime’s debut marks the most significant fintech IPO of 2025 and signals renewed confidence in public markets. Year-to-date, U.S. IPOs have raised $25.36 billion—up from $18.22 billion in the same period last year (reuters.com). Chime’s success follows robust performances by Circle and Voyager, underscoring investor appetite for scale fintechs with clear business models (reuters.com).
Looking ahead, companies like Gemini, Klarna, and Cerebras may enter the public markets. As underwriters—Morgan Stanley, Goldman Sachs, and J.P. Morgan—market such listings, IPO readiness resumes for several high-profile fintechs (reuters.com).
Why It Matters:
- Reenergizes the IPO pipeline for fintech and tech startups.
- Offers a valuation benchmark for private fintech firms nearing IPO.
- Reinforces the notion that disciplined fintechs can still win public market favor.
